Penalties and fines

Wells may be poised to settle; Dissecting Morgan Stanley, E-Trade deal


The bank could announce as early as Friday a deal on charges it wronged customers; the acquisition allows Morgan Stanley to compete in retail banking.


FICO gets tougher on credit scores; Goldman pushes diversity


The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.


Behind Wells Fargo's ploy to pin sales misconduct on 1% of employees


Documents released by the Office of the Comptroller of the Currency Thursday allege that senior leaders had reason to know that the wrongdoing was widespread but failed to act.


OCC drops hammer on Stumpf, seven other ex-Wells Fargo execs


Former CEO John Stumpf agreed to pay a $17.5 million penalty while ex-community banking chief Carrie Tolstedt faces a potentially $25 million fine for sales-practices misconduct. Other former officials could face fines totaling $16 million.


Goldman in settlement talks with DOJ; Congress members ask JPM about equality


The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.


Goldman’s green goal; Biggest U.K. banks ace stress test


The bank announced a $750 billion plan to “focus on climate transition and inclusive growth”; the seven biggest banks have passed three years in a row.


Good quarter for banks?; HSBC settles U.S. tax evasion case


JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.


Goldman's small world; Bitcoin’s woes go beyond price


The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.


TD gets bonus in Schwab deal; Will there be a yearend credit crunch?


The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending.


N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up


The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”